Subsidiary signs MoU with Shenzhen Titan to explore energy storage cooperation in India
Aartech Solonics' wholly owned subsidiary, Faradigm Ultracapacitors Pvt. Ltd., has signed an MoU with Shenzhen Titan Smart Energy Technology Co. Ltd., China.
By ScoutQuest · · 2 min read
- BESS Capacity Range
- LFP-based Battery Energy Storage Systems from 100 kWh to 5 MWh
- Plant Commencement
- Mohasa-Babai (Madhya Pradesh) facility is planned to commence operations in FY 2027-28
- Partner Track Record
- more than 300 projects, cumulative deployments exceeding 3GWh, and over 200 proprietary patents
What happened
Aartech Solonics' wholly owned subsidiary, Faradigm Ultracapacitors Pvt. Ltd., has signed a Memorandum of Understanding (MoU) with Shenzhen Titan Smart Energy Technology Co. Ltd., China. The stated aim is to explore strategic cooperation in advanced energy storage solutions and the development of localized manufacturing and assembly capabilities in India.
Where the cooperation will focus
- Lithium Iron Phosphate (LFP)-based Battery Energy Storage Systems (BESS), covering capacities from 100 kWh to 5 MWh.
- Commercial and Industrial (C&I) energy storage applications, and integrated hybrid solutions combining solar power, diesel generators and battery storage.
- Manufacturing and technology licensing opportunities between the two companies.
- Plans to enter into Utility Scale projects are currently under review.
The manufacturing backdrop
A key enabler cited is Faradigm's upcoming manufacturing facility at the Renewable Energy Manufacturing Cluster at Mohasa-Babai, Madhya Pradesh, which is planned to commence operations in FY 2027-28. The facility is expected to strengthen capabilities in advanced energy technologies and support the development of energy storage solutions and localized manufacturing opportunities in India.
Market context given in the release
- India's C&I BESS opportunity is described as moving from a sub-1 GWh base in 2025 to a projected 22-31 GWh by 2032.
- That sub-market is projected at a CAGR of 36.2%.
- The broader national sector is projected to grow at a 91% CAGR up to 302 GWh by FY32.
About the partner
Shenzhen Titan Smart Energy Technology Co. Ltd. is a China-based energy storage technology company engaged in research and development, intelligent manufacturing, and digital operation and maintenance of energy storage systems for global markets. The company reports a portfolio of more than 300 projects, cumulative deployments exceeding 3GWh, and over 200 proprietary patents and intellectual property assets in the energy storage domain.
How to read this
- The update is about an MoU, that is, an agreement to explore cooperation; the release refers to the areas of cooperation and the Aartech-Faradigm collaboration as proposed.
- The Mohasa-Babai facility is planned to commence operations in FY 2027-28, so it sits ahead of the current operating period.
- Aartech's participation in the MP Solar + Storage Expo 2026 is cited as reflecting the company's interest in emerging energy storage technologies.
More numbers
- Lower end of BESS capacity range100 kWh
- Upper end of BESS capacity range5 MWh
- India C&I BESS sub-market projected CAGR36.2%
- Broader national sector projected CAGR91%
- National sector projected capacity by FY32302 GWh
- C&I BESS projected capacity by 203222-31 GWh
- Titan project portfoliomore than 300 projects
- Titan cumulative deployments3GWh
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